Colorado Association Of Realtors
- Assets
- $9.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Englewood, CO
- Founding
- 09/1931
- Data as of
- 12/2022
- EIN
- 84-0370633
Organization Overview
Colorado Association Of Realtors is located in Englewood, CO. The organization was established in 1931. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Colorado Association Of Realtors employed 23 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Colorado Association Of Realtors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Colorado Association Of Realtors generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE COLLECTIVE VOICE FOR REAL ESTATE AND CONSUMER PROPERTY RIGHTS, AND TO ADVANCE COLORADO REALTORS AS INDUSTRY LEADERS IN KNOWLEDGE, ETHICS, AND PROFESSIONALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURSES AND SEMINARS - THE ASSOCATION SPONSORS EDUCATIONAL COURSES AND SEMINARS AND CONTINUING EDUCATION CLASSES THROUGHOUT THE YEAR FOR IT'S MEMBERS.
MEMBER SERVICES - THE ASSOCIATION PROVIDES A VARIETY OF SERVICES FOR IT'S MEMEBERS, INCLUDING LEADERSHIP SEMINARS, ARBITRATIONS, LEGAL HOTLINE, PUBLIC RELATIONS, ETC. THROUGH IT'S COMMITTEE STRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyrone Adams CEO | Officer | 40 | $253,981 |
Barbara Asbury Car Director | Trustee | 1 | $0 |
Angela Asbury District VP | Trustee | 1 | $0 |
Logan Austin Car Director | Trustee | 1 | $0 |
Sunny Banka Division VP | Trustee | 1 | $0 |
David Barber Past Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,638,868 |
| Investment income | $133,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,754,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $123,772 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $503,967 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,634,144 |
| Pension plan accruals and contributions | $68,785 |
| Other employee benefits | $203,285 |
| Payroll taxes | $154,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,308 |
| Fees for services: Accounting | $17,432 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,670 |
| Fees for services: Other | $108,886 |
| Advertising and promotion | $0 |
| Office expenses | $75,434 |
| Information technology | $79,194 |
| Royalties | $0 |
| Occupancy | $153,866 |
| Travel | $120,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $782,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,808 |
| Insurance | $23,838 |
| All other expenses | $205,106 |
| Total functional expenses | $5,444,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,572,418 |
| Savings and temporary cash investments | $616,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,702 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $144,071 |
| Net Land, buildings, and equipment | $919,845 |
| Investments—publicly traded securities | $4,198,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $9,540,663 |
| Accounts payable and accrued expenses | $202,181 |
| Grants payable | $0 |
| Deferred revenue | $3,681,231 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,058 |
| Total liabilities | $3,954,470 |
| Net assets without donor restrictions | $5,586,193 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,540,663 |
Grants Awarded
Over the last fiscal year, Colorado Association Of Realtors has awarded $122,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
REALTOR RELIEF FOUNDATION | | | $50,000 |
NATIONAL ASSOCIATION OF REALTORS | | | $10,000 |
ELEVATIONS CREDIT UNION FOUNDATION | | | $50,000 |
BOULDER AREA REALTOR ASSOC | | | $12,500 |